Salmar Settefisk AS
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 40 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 67 of 111 · What are Morning company classes?
Place in the whole sector: 1,301 of 2,212 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 71 and solidity 14 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Salmar Settefisk AS is 5 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 51 among 111 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 19.4% (median 4.9%) and equity ratio 18.4% (median 39.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,516 MNOK | 1,059 MNOK |
| Operating margin | 19.4% | 4.9% |
| Profit margin | 9.0% | 3.6% |
| Return on assets | 7.5% | 7.1% |
| Equity ratio | 18.4% | 39.0% |
| Debt-to-equity | 4.45 | 1.56 |
| Current ratio | 4.27 | 1.56 |
| Revenue growth | −12.1% | 7.4% |
| Revenue per employee | 11.49 MNOK | 11.39 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 46, Salmar Settefisk AS does better than 40% of companies in the Morning class Large in the same sector (111 companies) in 2025.
Score 2023–2025
- Salmar Settefisk AS
- Median: companies in the Morning class Large in the same sector
Salmar Settefisk AS has a score of 46 for 2025, rank 1,301 of 2,212 in the sector.
Strongest: Liquidity: percentile 91 against peers, current ratio 4.27 against a median of 1.56. Profitability: percentile 71 against peers, operating margin 19.4% against a median of 4.9%.
Weakest: Solidity: percentile 14 against peers, equity ratio 18.4% against a median of 39.0%. Growth: percentile 15 against peers, revenue growth −12.1% against a median of 7.4%.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Salmar Settefisk AS had an operating margin of 19.4% and an equity ratio of 18.4% in 2025, and ranks 1,301 of 2,212 in Sjømat.
From 2024 to 2025: the operating margin fell from 33.4% to 19.4% and revenue fell by 12%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 804 MNOK and 1,068 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,068 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 804 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.4% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 71 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 91 | weight 15% |
| Growth | 15 | weight 15% |
| Consistency | 35 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Salmar Settefisk AS?
The operating margin was 19.4% in 2025, against a median of 4.9% among companies in the Morning class Large in the same sector. Return on assets was 7.5%.
How solid is Salmar Settefisk AS?
The equity ratio was 18.4% in 2025 (median 39.0%). Debt-to-equity was 4.45 (median 1.56).
What is the liquidity of Salmar Settefisk AS like?
The current ratio was 4.27 in 2025 (median 1.56).
How does Salmar Settefisk AS compare in Sjømat?
Salmar Settefisk AS ranks 1,301 of 2,212 in Sjømat for 2025. Among companies in the Morning class Large it is number 67 of 111. Revenue changed by −12.1% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 937543948
- Legal form
- AS · part of a group
- Sector
- Sjømat (03.222)
- Morning company class
- Large
- Employees
- 132 registered 10 October 2026
- Founded
- 4 July 1985 41 years in operation
- Share capital
- 1.80 MNOK
- Business address
- c/o Salmar AS, 7266 KVERVA (FRØYA)
- Municipality
- Frøya rank 1–8 of 9 in KOSTRA group 3
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Anders Jon Fjellheim
- Chair of the board
- Gustav Witzøe
- Auditor
- ERNST & Young AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 55 | 46 | |
| Rank | 1,066 | 784 | 1,301 | |
| Operating margin | 47.7% | 33.4% | 19.4% | |
| Return on assets | 16.3% | 13.0% | 7.5% | |
| Equity ratio | 17.4% | 18.6% | 18.4% | |
| Current ratio | 2.61 | 3.04 | 4.27 | |
| Revenue growth | – | 13.2% | −12.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,523.6 MNOK | 1,724.1 MNOK | 1,516.1 MNOK |
| Operating profit | 726.2 MNOK | 575.6 MNOK | 294.4 MNOK |
| Profit before tax | 581.4 MNOK | 402.5 MNOK | 136.4 MNOK |
| Net profit | 453.7 MNOK | 314.4 MNOK | 106.8 MNOK |
| Financial expenses | 161.0 MNOK | 194.7 MNOK | 192.1 MNOK |
| Total assets | 4,568.2 MNOK | 4,602.8 MNOK | 4,382.9 MNOK |
| Current assets | 1,310.9 MNOK | 1,400.0 MNOK | 1,295.3 MNOK |
| Equity | 793.5 MNOK | 854.2 MNOK | 804.5 MNOK |
| Retained earnings | 191.8 MNOK | 254.3 MNOK | 206.5 MNOK |
| Total liabilities | 3,774.7 MNOK | 3,748.6 MNOK | 3,578.4 MNOK |
| Current liabilities | 503.0 MNOK | 460.0 MNOK | 303.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6957714.
Further
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